Mortgage payment shock adds to strain on UK consumers

Financial Times - 05/04
Rate increase comes at a time when borrowers are already having to tighten their belts

It’s going to be a busy year for Britain’s mortgage industry. More than a million households are in for a serious payment shock as they refinance loans taken out at rock-bottom rates during the coronavirus pandemic. Banks should be able to absorb the impact without too much damage; the ...
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